Unite Group (UTG)

Sector:

Property Investment Trusts

Index:

FTSE 100

863.50p
   
  • Change Today:
      7.00p
  • 52 Week High: 1,057.00p
  • 52 Week Low: 838.50p
  • Currency: UK Pounds
  • Shares Issued: 488.79m
  • Volume: 19,209
  • Market Cap: £4,220.72m
  • RiskGrade: 154
  • Beta: 0.78

Unite says 90% of student rooms booked for next academic year

By Frank Prenesti

Date: Wednesday 12 Apr 2023

LONDON (ShareCast) - (Sharecast News) - Student accommodation provider Unite said it had already sold 90% of its rooms for the 2023/24 academic year, reflecting strong demand as well as new nomination agreements with universities.
"This is supportive of our guidance for full occupancy and rental growth of 6-7% for the 2023/24 academic year, compared with 99% and 3.5% in 2022/23," the company said on Wednesday.

The supply of purpose-built student accommodation cannot keep pace with growing student demand at the same time as HMO landlords are leaving the sector. We are therefore tracking a number of new development opportunities at attractive returns, which we are uniquely positioned to deliver through our university relationships and development capability."

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Unite Group Market Data

Currency UK Pounds
Share Price 863.50p
Change Today 7.00p
% Change 0.82 %
52 Week High 1,057.00p
52 Week Low 838.50p
Volume 19,209
Shares Issued 488.79m
Market Cap £4,220.72m
Beta 0.78
RiskGrade 154

Unite Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.57% below the market average86.57% below the market average86.57% below the market average86.57% below the market average86.57% below the market average
82.61% below the sector average82.61% below the sector average82.61% below the sector average82.61% below the sector average82.61% below the sector average
Price Trend
28.42% below the market average28.42% below the market average28.42% below the market average28.42% below the market average28.42% below the market average
10.34% below the sector average10.34% below the sector average10.34% below the sector average10.34% below the sector average10.34% below the sector average
Income
38.02% above the market average38.02% above the market average38.02% above the market average38.02% above the market average38.02% above the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average
Growth
60% below the market average60% below the market average60% below the market average60% below the market average60% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 3
Sell 0
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Unite Group Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-24 18-Apr-24
Paid 01-Nov-24 24-May-24
Amount 12.40p 23.60p

Trades for 04-Dec-2024

Time Volume / Share Price
08:47 69 @ 863.50p
08:47 213 @ 863.50p
08:45 327 @ 863.00p
08:45 362 @ 863.00p
08:45 92 @ 863.00p

Unite Group Key Personnel

CEO Joe Lister
Chair Richard N L Huntingford
CFO Michael Burt

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